DUBLIN, April 5, 2016 /PRNewswire/ --
Toyota has announced it will use Microsoft's Azure computing platform to develop connected-car services for owners and dealers. The two companies have been collaborating in the area of telematics since 2011, working on services such as infotainment and real-time traffic updates to moving. The automaker has created Toyota Connected, which will now serve as the company's data science hub.
There is a growing demand for built-in connectivity and telematics in automobiles. Connected cars are being developed to enhance the overall in-vehicle experience for the driver, providing internet facilities, social media applications and entertainment devices. This has led to partnerships between automakers and tech companies, and a recent report forecasts the automotive telematics market to grow at a rate of 23.37% by 2019 .
According to reports, Toyota Connected will develop connected vehicle networks that can share information on traffic and weather conditions, develop insurance coverage based on a driver's' own driving patterns and information service tailored to a driver's preferences. The new entity will also be used to further Toyota's research in robotics, AI and self-driving cars.
Consumers are looking toward self-driving cars and connected car technology to provide improved efficiency and safety for drivers. Telematics can equip cars with vehicle monitoring systems, location technology and real-time information about technical and maintenance work. This should help prevent crashes, and for this reason the global commercial telematics market is projected to grow 27.39% between 2016 and 2020.
A similar report on the Global Connected Car expects the connections market to grow 28%, because this technology can alert drivers in case of emergencies and help avoid accidents. It highlights the increased use of advanced sensors and chips inside connected cars that are helping OEMs to track the movement of cars.
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets